FEI Co. (FEIC) Sees Large Volume Increase
Shares of FEI Co. (NASDAQ:FEIC) saw unusually-strong trading volume on Wednesday . Approximately 340,691 shares traded hands during trading, an increase of 27% from the previous session’s volume of 267,439 shares.The stock last traded at $106.48 and had previously closed at $106.46.
Several equities analysts recently commented on FEIC shares. Benchmark Co. upped their price target on shares of FEI from $80.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, May 5th. Zacks Investment Research upgraded shares of FEI from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Tuesday, August 9th. Stifel Nicolaus downgraded shares of FEI from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. DA Davidson reiterated a “neutral” rating and set a $107.50 price target (up from $90.00) on shares of FEI in a report on Tuesday, May 31st. Finally, William Blair downgraded shares of FEI from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 31st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $107.00.
The company has a 50-day moving average price of $106.49 and a 200 day moving average price of $96.10. The company has a market cap of $4.37 billion and a price-to-earnings ratio of 41.43.
In other FEI news, VP Anthony L. Trunzo sold 35,104 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $106.61, for a total transaction of $3,742,437.44. Following the transaction, the vice president now directly owns 24,994 shares of the company’s stock, valued at $2,664,610.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
A hedge fund recently raised its stake in FEI stock. RS Investment Management Co. LLC increased its stake in shares of FEI Co. (NASDAQ:FEIC) by 26.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,340 shares of the company’s stock after buying an additional 9,560 shares during the period. RS Investment Management Co. LLC owned 0.11% of FEI worth $3,697,000 at the end of the most recent reporting period.
FEI Company is a supplier of scientific instruments and related services for nanoscale applications and solutions for industry and science. The Company operates through two segments: Industry Group, which consists of customers in semiconductor integrated circuit manufacturing and related industries, such as manufacturers of data storage equipment and other technologies, as well as customers in the oil and gas industry, and Science Group, which includes universities, research laboratories and customers in a range of industries, including metals, automobiles, aerospace, geosciences and forensics.